高房价 can be used as equity to get home equity loans

so that house is converted to cash for other use. As long as house price goes up, one who owns house will be rich. And as a matter of fact, the long term of house price indeed goes up though corrections occur sometimes. Only high debt owners will run into trouble.

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• 中国的房子也就三十年的寿命，EQUITY？ -finesse- ♂ (0 bytes) () 08/09/2009 postreply 11:08:58